您现在的位置是:5 q 3 4 f u w d j 5 9 j o x 8 s o c u p m h y s e k 6 p 2 > Leisure
【icq chat now】RBI to allow banks to restructure some defaulting small business loans
5 q 3 4 f u w d j 5 9 j o x 8 s o c u p m h y s e k 6 p 22024-09-29 12:27:04【Leisure】9人已围观
简介MUMBAI (Reuters) - The Reserve Bank of India (RBI) said it will allow banks to restructure loans to icq chat now
MUMBAI (Reuters) - Theicq chat now Reserve Bank of India (RBI) said it will allow banks to restructure loans to small and medium sized-companies that are in default but standard as of the beginning of the year. The dispensation is “one time”, the RBI said in a circular on Tuesday.
The decision was taken at the central bank’s board meeting in November to support small and medium sized companies who have been struggling to repay their loans.
Many of the firms were hit by the economic impact of Prime Minister Narendra Modi's banning of then existing higher denomination bank notes in late 2016 and the introduction of a new goods and services tax in the middle of 2017.
The relief followed the government’s persistent pressure on the central bank to relax its loan policies as Modi aims to boost small businesses ahead of a general election, which has to be held by May this year.
The RBI also asked banks to make a provision for an additional 5 percent of the loans they restructure under the new policy and directed the lenders to implement the scheme by the end of March 2020.
The policy applies to loans not exceeding 250 million rupees as of January 1, 2019, the RBI said.
(Reporting by Suvashree Choudhury; Editing by Martin Howell)
View comments
很赞哦!(81272)
相关文章
- Elwood Global becomes largest blockchain ETF with $95.4 million in total assets
- BRIEF-Kasen International Holdings Says Expected To Record Consol Net Profit Attributable For Year
- Dabo Swinney fulfills promise with Clemson's best decade
- Apple cuts forecast, citing weak China sales amid trade tensions
- Is Ivy Small Cap Growth Y (WSCYX) a Strong Mutual Fund Pick Right Now?
- NEO Technical Analysis – Support Levels in Play – 01/02/19
- How Serco Group plc (LON:SRP) Can Impact Your Portfolio Volatility
- Google Exec: The Phones We're Making At Motorola Aren't Going To 'Wow' You
- It's not over until there is no virus anywhere in the world - WHO
- BRIEF-Ronshine China Holdings Posts December Total Contracted Sales Of RMB13.66 Bln
热门文章
- Bioreactors Market Research Report by Material, by Usage, by Scale, by Control Type, by Distrbution - Global Forecast to 2025 - Cumulative Impact of COVID-19
- SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against DXC Technology Company (DXC) and Lead Plaintiff Deadline: February 26, 2019
- What Should You Know About The Future Of AstraZeneca PLC’s (LON:AZN)?
- W.R. Berkley Corp. Appoints Philip Welt as GC, Executive VP
站长推荐
What Does BNP Paribas Know That the Markets Don't?
SE Asia Stocks-Singapore, Malaysia bruised by gloomy Chinese data
Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High
Dubai 2019 budget halts spending growth as revenue rise slows
Plug Power (PLUG) to Report Q4 Earnings: What to Expect?
Cryptocurrencies Advance; India Shelves Plans to Launch Digital Token
Dubai 2019 budget halts spending growth as revenue rise slows
5 Top Stock Trades for Thursday: BAC, JPM, BOX
友情链接
- Machinery Companies' Earnings Due on Nov 5: PH, MIDD & FLS
- Galleon Gold Acquires Additional Interest in the Neal Gold Project and Increases Previously Announced Private Placement
- (APC) INVESTOR ALERT - Anadarko Petroleum Corporation - Bronstein, Gewirtz & Grossman, LLC Notifies Investors With Losses Exceeding $100K of Class Action and Lead Plaintiff Deadline: April 20, 2020
- Can Ero Copper Corp. (TSE:ERO) Maintain Its Strong Returns?
- Global core material market size to record unprecedented growth through 2025
- Alibaba’s Secret Three-Year Experiment to Remake the Factory
- Alm. Brand – Report on trading in Alm. Brand A/S shares by executives and their related parties
- Vineyard Wind picks GE turbines for Massachusetts offshore wind farm
- StockBeat: No Hiding Place (Except Tesco)
- Where Do Hedge Funds Stand On FS Bancorp, Inc. (FSBW)?